Nov. 8, 2023 10:07 am ET
Kate Johnson is betting nearly $1 million that the investors fleeing her company are wrong.
Johnson bought 1 million shares of Lumen Technologies stock last week as it dipped into penny-stock territory, costing the telecommunications company boss $970,000. The former Microsoft and General Electric executive said the purchase made sense as she felt investors overreacted to a complicated third-quarter report and restructuring plan.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Source: finance.yahoo.com
Related posts:
Analyst Report: Leidos Holdings Inc
Stocks Roar Back From Inflation-Triggered Losses: Markets Wrap
L’Oreal heiress has been dethroned as the world’s richest woman by the family dynasty that tops the ...
Carvana stock is up 1000% this year, leaving short sellers with a $2 billion loss
Prediction: These 3 Warren Buffett Stocks Will Be the Biggest Winners in 2024